Prof. Devavrat Shah is interviewed by Forbes’ Gary Drenik on balancing AI innovation with ethical considerations, noting governance helps ensure the benefits of AI are fairly distributed across society. “Our responsibility is to harness [AI’s] potential while safeguarding against its risks,” Shah explains. “This approach to promoting responsible AI development hinges on governance rooted in collaboration, transparency and actionable guidance."
Researchers from MIT have discovered that integrating “Texas’ self-contained electrical grid with the broader national grid could prevent mass power outages,” reports Zack Budryk for The Hill. The researchers “modeled the effects of a bill introduced by Reps. Greg Casar (D-Texas) and Alexandria Ocasio-Cortez (D-N.Y.) that would connect the Electric Reliability Council of Texas (ERCOT) to the rest of the country,” explains Budryk. “They determined that if such a law had been enacted ahead of the 2021 event, Winter Storm Uri, up to 80 percent of the millions of blackouts caused by the storm could have been averted.”
Researchers from the MIT Climate Policy Center have shown increasing shared transmission reduces outage risk, writes Sara Dinatale for the Star-Telegram. The researchers found connecting the Texas power grid to neighboring systems could have reduced blackouts during Winter Storm Uri in 2021. “What we're trying to do is provide policymakers with data," explains Prof. Christopher Knittel. “We just want policymakers to know what the trade-offs are from interconnecting or not interconnecting. And hopefully they can make a better decision.”
A new proposal aims to transform Massachusetts into “a new leader in climate and environment technology,” with the help with MIT and other Massachusetts-based universities, reports Julia Jacobo for ABC News. “The foundations for seeing environmental initiatives from their inception to public market have long existed in Massachusetts, home to some of the most prestigious research institutions and scientific discoveries in the world, as well as existing infrastructure that allows production to be achieved much faster, according to experts in the state.”
Prof. David Autor speaks with New York Times reporter Jim Tankersley about the economic implications of President Biden’s decision to codify and escalate tariffs on Chinese goods. Autor’s “latest research warns of the economic perils of poorly designed trade policy, but it also explains why presidents might keep pursuing it,” explains Tankersley.
The Hill reporter Tobias Burns spotlights the efforts of a number of MIT researchers to better understand the impact of generative AI on productivity in the workforce. One research study “looked as cases where AI helped improved productivity and worker experience specifically in outsourced settings, such as call centers,” explains Burns. Another research study explored the impact of AI programs, such as ChatGPT, among employees.
In an article for Fast Company, Lecturer Guadalupe Hayes-Mota offers five takeaways concerning the potential impact of AI on healthcare. Understanding AI’s healthcare potential “is crucial for business leaders and policymakers to foster an environment where AI and other analytics tools enhance rather than complicate societal outcomes,” Hayes-Mota writes.
Writing for Bloomberg, David Zipper, a senior fellow at the MIT Mobility Initiative, discusses new parking fees based on vehicle weight established in Rosemont-La Petite-Patrie, a borough in the city of Montreal, to combat congestion and carbon emissions. “Paying more for parking may seem like a modest step, but it sends a clear message about the societal costs that oversized vehicles impose on everyone else,” writes Zipper.
An analysis by The Atlantic’s Ronald Brownstein notes despite Republican resistance to electric vehicles, many new production facilities are located in GOP-represented states. MIT Innovation Fellow Brian Deese explains EV companies are simply seeking space and nearby manufacturing and construction capacity, but said “it’s pretty hard to think of a technology where there was a cheaper, better technology to solve a consumer need and consumers prioritized a cultural or political patina over lower costs and higher quality.”
Prof. Christopher Knittel speaks with The Hill reporters Rachel Frazin and Zack Budryk about the implications of the latest climate rule put in place to mitigate power plant emissions. “What we’ve seen, even without these rules, is that coal generation is failing,” says Knittel. “These new rules will certainly push to speed that transition up.”
Writing for The Washington Post, Brian Deese, an MIT innovation fellow, lays out a framework for responding to China’s focus on increasing manufacturing. “The United States should send a clear message that the world will not absorb the costs of these distortionary policies,” Desse writes, “and should work with our allies toward a more durable framework for global growth.”
Writing for Forbes, Prof. Christian Catalini makes the case that when it comes to today’s digital infrastructure, from AI and robotics to financial services and digital marketplaces, “if the United States wants to continue to lead, it needs to create the right conditions for competition to thrive. Like in the early days of the internet, this starts with policymakers embracing and nurturing a novel architecture based on open protocols.”
Prof. Esther Duflo will present her research on poverty reduction and her “proposal for a global minimum tax on billionaires and increased corporate levies to G-20 finance chiefs,” reports Andrew Rosati for Bloomberg. “The plan calls for redistributing the revenues to low- and middle-income nations to compensate for lives lost due to a warming planet,” writes Rosati. “It also adds to growing calls to raise taxes on the world’s wealthiest to help its most needy.”
Prof. David Autor speaks with Nature reporter Dalmeet Singh Chawla about the long-term impact of his research on policy documents. Autor’s work from November 2003 “is now the third most cited in policy documents worldwide,” writes Chawla. “Autor thinks his study stands out because his paper was different from what other economists were writing at the time. It suggested that ‘middle-skill’ work, typically done in offices or factories by people who haven’t attended university, was going to be largely automated, leaving workers with either highly skilled jobs or manual work.”
Prof. Emeritus Olivier Blanchard speaks with New York Times reporter Peter Coy about the impact of wage increases on inflation. “Fundamentally, it is hard to believe that when the economy is overheating there is not going to be pressure of some sort on wages and prices,” says Blanchard.